Article By RoboForex.com
BTCUSD, “Bitcoin vs US Dollar”
Cloud near 18,915 is expected, followed by growth to 20,715. An additional signal for growth might be a bounce off the lower border of the Triangle pattern. The growth might be canceled by a breakaway of the lower border of the Cloud and securing under 17,855, which will mean further falling to 17,055. The growth can be confirmed by a breakaway of the upper border of the Triangle and securing under 19,895.
BRENT
Oil is trading at 49.07 above the Ichimoku Cloud, indicating an uptrend. A test of the upper border of the Cloud near 48.75 is expected, followed by growth to 50.80. An additional signal for growth might be a bounce off the lower border of ascending channel. The growth might be canceled by a breakaway of the lower border of the Cloud and securing under 47.75, which will mean further falling to 44.75.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 104.08 under the Ichimoku Cloud, indicating a downtrend. A test of the upper border of the Cloud near 104.20 is expected, followed by falling to 103.15. An additional signal for the decline might be a bounce off the resistance level. The decline might be canceled by a breakaway of the upper border of the Cloud and securing above 104.55, which will mean further growth to 105.45. The decline can be confirmed by a breakaway of the lower border of the Triangle and securing above 103.55.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Trade of the Week: CHINAH to extend lead as Asia’s winner? May 13, 2024
- The German index has hit an all-time high. China sees rising consumer inflation May 13, 2024
- Brent crude oil faces downward pressure amid demand uncertainties May 13, 2024
- COT Metals Charts: Speculator bets led by Platinum & Copper May 11, 2024
- COT Bonds Charts: Speculator bets led by Fed Funds & Ultra 10-Year Bonds May 11, 2024
- COT Stock Market Charts: Speculator bets led by DowJones & Russell 2000 May 11, 2024
- COT Soft Commodities Charts: Speculator bets led by Corn & Soybeans May 11, 2024
- Natural gas prices are rising amid falling inventories. The Bank of England expectedly kept the rate May 10, 2024
- Strong data on China’s trade balance fuels Asian indices May 9, 2024
- How does the brain think? May 9, 2024